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A family of four now needs an average annual income of $233,100 to live comfortably. Massachusetts is the most expensive ($314K); Mississippi is the cheapest ($187K). Only seven states require less than $200,000. 1
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Stock ownership is highest among households earning $100K+ (87%), college grads (84%), and married adults (77%). It drops to 49% for unmarried adults, 42% for those with only a high school education, and 28% for households under $50K. 2
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A recent poll by the Federal Reserve Bank of New York showed that 31% of manufacturing firms and 45% of service firms have passed all tariff costs on to their customers. Roughly 25% of both types of firms decided to absorb the costs. 3
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Job postings in software development and information design have decreased by over 37% since February 2020, likely due to the impact of AI. Meanwhile, physician and surgeon postings have risen the most. 1
- MFS- "Beyond the News"
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Gallup - "What Percentage of Americans Own Stock?"
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Liberty Street Economics - "Are Businesses Absorbing the Tariffs or Passing Them On to Their Customers?"
*Past performance is not indicative of future performance
Economic Calendar
Monday:
Empire State manufacturing survey (Jun)
Tuesday:
U.S. retail sales (May), Retail sales minus autos (May), Import price index (May), Import price index minus fuel (May), Industrial production (May), Capacity utilization (May), Business inventories (Apr), Home builder confidence index (Jun)
Wednesday:
Housing starts (May), Building permits (May), Initial jobless claims (Jun), FOMC interest-rate decision, Fed Chair Powell press conference
Thursday:
None scheduled, Juneteenth holiday
Friday:
Philadelphia Fed manufacturing survey (Jun), U.S. leading economic indicators (May)
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